Recap: Covenant Logistics Gr Q4 Earnings
Portfolio Pulse from Benzinga Insights
Covenant Logistics Gr (NASDAQ:CVLG) reported Q4 earnings with an EPS of $1.07, beating estimates by 3.88% but with a revenue decline of $22.07 million year-over-year. The company's past earnings performance shows mixed results with slight EPS beats and varying revenue figures. After the last earnings beat, CVLG's share price dropped by 4.45% the following day.
January 23, 2024 | 9:15 pm
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NEGATIVE IMPACT
Covenant Logistics Gr reported a higher-than-expected Q4 EPS but with a decrease in revenue compared to last year. Historical data shows a share price drop following the previous quarter's earnings beat.
Despite beating EPS estimates, the decline in revenue and the historical share price drop following the last earnings beat suggest a potential negative short-term impact on CVLG's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100